U.S. stocks open mixed; tech weakness offsets banking gains

NickGodt

NEW YORK (MarketWatch) -- U.S. stocks opened mixed on Friday, with this week's mounting optimism over the fate of financial shares somewhat offset by weakness in technology shares. The Dow Jones Industrial Average
DJIA, +0.17%
was up 24 points, or 0.3%, at 7,190. The S&P 500
SPX, +0.31%
gained nearly 2 points, or 0.2%, at 752. But the Nasdaq Composite
COMP, +0.54%
was down 2 points, or 0.1%, at 1,424, shaving off some of its strong gains over the past week. Stocks received a slight boost ahead of the open after a report showed the U.S. trade deficit narrowed by 9.7% in January to $36.0 billion, the lowest monthly gap since October 2002. The trade deficit was below the consensus forecast of Wall Street economists of a deficit of $38.0 billion.

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